M&T Bank Corp Sells 1,078 Shares of Blue Owl Capital Inc. (NYSE:OWL)

M&T Bank Corp lowered its holdings in Blue Owl Capital Inc. (NYSE:OWL) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,741 shares of the company’s stock after selling 1,078 shares during the period. M&T Bank Corp’s holdings in Blue Owl Capital were worth $315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vise Technologies Inc. boosted its position in Blue Owl Capital by 4.6% during the 4th quarter. Vise Technologies Inc. now owns 10,947 shares of the company’s stock valued at $255,000 after buying an additional 478 shares during the period. Teza Capital Management LLC increased its stake in shares of Blue Owl Capital by 1.7% in the 4th quarter. Teza Capital Management LLC now owns 28,929 shares of the company’s stock worth $673,000 after acquiring an additional 485 shares in the last quarter. State of Wyoming increased its stake in Blue Owl Capital by 27.1% during the 4th quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $55,000 after purchasing an additional 503 shares in the last quarter. Benjamin Edwards Inc. increased its stake in Blue Owl Capital by 3.0% during the 4th quarter. Benjamin Edwards Inc. now owns 22,888 shares of the company’s stock valued at $532,000 after purchasing an additional 658 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of Blue Owl Capital by 4.5% during the 1st quarter. QRG Capital Management Inc. now owns 19,037 shares of the company’s stock valued at $381,000 after acquiring an additional 812 shares during the last quarter. Institutional investors own 35.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OWL shares. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $20.00 to $23.00 in a research report on Tuesday, May 20th. Wells Fargo & Company upped their price objective on Blue Owl Capital from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research report on Friday, May 23rd. Oppenheimer increased their price objective on Blue Owl Capital from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Monday. Evercore ISI raised their price objective on shares of Blue Owl Capital from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Finally, JMP Securities decreased their target price on Blue Owl Capital from $32.00 to $28.00 and set a “market outperform” rating for the company in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.02.

Blue Owl Capital Stock Up 3.3%

Shares of NYSE OWL opened at $20.85 on Friday. The firm has a market cap of $32.06 billion, a PE ratio of 160.37, a price-to-earnings-growth ratio of 1.38 and a beta of 1.17. The business has a 50 day moving average price of $19.09 and a two-hundred day moving average price of $20.39. Blue Owl Capital Inc. has a fifty-two week low of $14.55 and a fifty-two week high of $26.73.

Blue Owl Capital (NYSE:OWL) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Blue Owl Capital had a return on equity of 19.74% and a net margin of 3.73%. The firm had revenue of $620.19 million during the quarter, compared to the consensus estimate of $636.44 million. On average, analysts anticipate that Blue Owl Capital Inc. will post 0.92 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Wednesday, May 14th were issued a $0.225 dividend. The ex-dividend date of this dividend was Wednesday, May 14th. This represents a $0.90 dividend on an annualized basis and a yield of 4.32%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.18. Blue Owl Capital’s dividend payout ratio (DPR) is 692.31%.

About Blue Owl Capital

Blue Owl Capital Inc operates as an asset manager in the United States. The company offers permanent capital base solutions that enables it to offer holistic framework of capital solutions to middle market companies, large alternative asset managers, and corporate real estate owners and tenants. It also provides direct lending products that offer private credit products comprising diversified, technology, first lien, and opportunistic lending to middle-market companies; liquid credit; GP strategic capital products, which offers capital solutions, including GP minority stakes, GP debt financing, and professional sports minority stakes; and real estate products that focuses on acquiring triple net lease real estate by investment grade or creditworthy tenants.